Have you Paid TDS on Rent?
If you are planning to rent out your property - residential or commercial - you have to pay TDS. If the rent is more than Rs 50,000 then TDS is mandatory. On a commercial property, TDS is deducted @10% in case the rent is paid. To know more please watch this episode of Property Matters where Manish Kumar Gupta, Chartered Accountant, tells us about TDS on Rent.